§ 469.090 — Definitions
Plain-Language Summary
Defines key terms used in the economic development authority (EDA) law, such as authority, city, and governing body.
469.090 DEFINITIONS.
§
Subdivision 1.Generally.
In sections 469.090 to 469.108, the terms defined in this section have the meanings given them herein, unless the context indicates a different meaning. §
Subd. 2.Authority.
“Authority” means an economic development authority. §
Subd. 3.City.
“City” means a home rule charter or statutory city. §
Subd. 4.Development.
“Development” includes redevelopment, and “developing” includes redeveloping. §
Subd. 5.Cost of redevelopment.
“Cost of redevelopment” means, with respect to an economic development district project, the cost of:
(1) acquiring property, whether by purchase, lease, condemnation, or otherwise;
(2) demolishing or removing structures or other improvements on acquired properties;
(3) correcting soil deficiencies necessary to develop or use the property for an appropriate use as determined by the authority;
(4) constructing or installing public improvements, including streets, roads, and utilities;
(5) providing relocation benefits to the occupants of acquired properties;
(6) planning, engineering, legal, and other services necessary to carry out the functions listed in clauses (1) to (5); and
(7) the allocated administrative expenses of the authority for the project.
History:
History: History:
1987 c 291 s 91